XML 53 R42.htm IDEA: XBRL DOCUMENT

Debt (Tables)

3 Months Ended

Mar. 31, 2025

Revolver


	March 31, 2025		December 31, 2024
	(in thousands)
Total Revolver commitment	$	200,000	$	200,000
Less: Revolver borrowings outstanding	177,981		76,467
Less: Standby letter of credit	654		300
Borrowings available under the Revolver	$	21,365	$	123,233

The Revolver expires on May 27, 2027.

Term Loan


	March 31, 2025		December 31, 2024
	(in thousands)
Term loan, short-term	$	16,000	$	16,000
Term loan, long-term	58,436		62,424
Total Term Loan	$	74,436	$	78,424

Debt Instrument, Schedule of Interest Rate

Weighted average interest rate of our borrowings outstanding are as follows:


	March 31, 2025	March 31, 2024
Revolver	5.6%	6.6%
Term loan	5.7%	*1
1 Funds were borrowed on December 16, 2024. No borrowings outstanding during the three months ended March 31, 2024

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details